In this setup area you may select which payment terms are accepted by your business, or the number of days after the invoice date that the invoice is due. Payment terms may range from 0 days (C.O.D.) to 120 days (Net 120) in 5-day increments. The payment terms selected here will be available in dropdown lists for the Payment Terms entry field wherever payments are accepted (see Payments).
Select Setup Lists Payment Terms from the main menu to open the payment terms setup area.
The payment terms setup module is not available in the Repair Micro edition. Instead, all payment methods are always available in the dropdown.
(See also Payment Methods.)